i like pbs. i love big bird. i actually like u2, but i'm not going to spend money and things of our money from china to pay for. that's number one. number two, will take programs that are currently good programs will be run more efficiently at the state level and send them to stay. number three, i will make agencies and departments. the cutbacks will be done through attrition, by the way. this is the approach we have to take to get america to a balanced budget. the president said he would cut the deficit in half. unfortunately, he doubled that. trillion dollar deficits for the last four years. the president has put it in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> moderator: mr. president, two minutes. obama: when i walked in and oval office at more than a $3 trillion deficit greeting me. we know where it came from, to worst paid for in a credit card, to tax cuts that were not paid for and a whole bunch of programs that were not paid for and then a massiv